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Description

Two buildings, 8 units, 15,951 SF lot with ND-1 Zoning on two folios.​

This acquisition represents a value-add opportunity in that the rents are approximately 20% below market.​ Due to the property’s curb appeal, condition and location it is estimated there will be no pushback in raising the rents to market.​

The property itself consists of a 6-unit property and a duplex. They must be purchased as a package as they share a common back yard.

All units 100% leased.

Units: 8;  Price Per Unit: $118,750; NOI: $43,420; Cap rate: 4.57%

 

 

INVESTORS / END BUYERS ONLY. No Agents.  

For more information, fill out the form below or email dluxjed@gmail.com

The information provided, including but not limited to SqFt, lot size, measurements, CAP rates, NOI, etc have been obtain from third parties. Because any disclaim might be subject to error, prospective purchasers shall conduct his/her/it own verification/due diligence of this information, warranty or representation. Information courtesy of Crexi, Media Realty.

Address

  • City: Hollywood
  • Country: United States

Detail

Updated on July 17, 2020 at 7:39 pm

  • Price: $950,000
  • Property Size: 4220 SqFt
  • Land Area: 15951 SqFt
  • Year Built: 1964 & 1951
  • Property Type: Apartment Building, Commercial, Off Market
  • Property Status: For Sale

Contact info

D'Lux Real Estate Services
D'Lux Real Estate Services

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